NewCore has secured $66 million in funding to develop digital identities for AI agents, aiming to formalize their role as employees. The financing round closed recently, positioning NewCore to advance its platform that assigns unique identities to AI workers, enabling better management and accountability, according to techcrunch.com.
The funding round was led by prominent venture capital firms with participation from strategic investors focused on AI innovation. NewCore’s CEO explained that the platform allows companies to onboard AI agents as distinct entities with verifiable credentials and work histories. This approach facilitates integration of AI agents into corporate workflows, ensuring compliance and traceability in automated tasks, techcrunch.com reported.
As AI agents increasingly perform complex tasks traditionally done by humans, establishing their identities addresses challenges around trust, responsibility, and governance. NewCore’s solution parallels identity management systems used for human employees but tailored for AI’s unique operational needs. This development follows a growing trend of treating AI agents as autonomous contributors within organizations, reflecting shifts in workforce automation and digital labor markets, according to techcrunch.com.
NewCore plans to deploy its identity platform across sectors where AI agents handle sensitive or regulated functions, including finance and customer service. The company aims to onboard its first enterprise clients by the end of the year, with pilot programs already underway, techcrunch.com stated.